BROWSE

Backdating

Definition

Options backdating is the practice of altering the date a stock option was granted, to a usually earlier date at which the underlying stock price was lower. This is a way of repricing options to make them valuable or more valuable when the option "strike price" is fixed to the stock price at the date the option was granted. Cases of backdating employee stock options have drawn public and media attention.

What is 'Backdating'

Backdating is dating any document by a date earlier than the one on which the document was originally drawn up. Under most circumstances, backdating is seen as fraudulent and illegal, although there are some situations in which backdating can be used in a legal and beneficial way, such as backdating a claim for a past period.

Explaining 'Backdating'

Sometimes certain claims (such as insurance claims) can be backdated if the could not be completed at an earlier date, although there must be good reason for neglecting to claim in advance. If your backdated claim is approved, you will be able to receive benefits from a certain date in the past.


Further Reading


Option backdating and board interlocks
academic.oup.com [PDF]
… has a director who is a board member of another firm that previously backdated its stock … The increase in the likelihood that a firm begins to backdate stock options that can be explained by having a board member who is interlocked to a previously identified backdating firm is …

The economic impact of backdating of executive stock optionsThe economic impact of backdating of executive stock options
heinonline.org [PDF]
… has a director who is a board member of another firm that previously backdated its stock … The increase in the likelihood that a firm begins to backdate stock options that can be explained by having a board member who is interlocked to a previously identified backdating firm is …

Corporate governance and backdating of executive stock optionsCorporate governance and backdating of executive stock options
onlinelibrary.wiley.com [PDF]
… has a director who is a board member of another firm that previously backdated its stock … The increase in the likelihood that a firm begins to backdate stock options that can be explained by having a board member who is interlocked to a previously identified backdating firm is …

Does backdating explain the stock price pattern around executive stock option grants?Does backdating explain the stock price pattern around executive stock option grants?
www.sciencedirect.com [PDF]
… has a director who is a board member of another firm that previously backdated its stock … The increase in the likelihood that a firm begins to backdate stock options that can be explained by having a board member who is interlocked to a previously identified backdating firm is …

The impact of the options backdating scandal on shareholdersThe impact of the options backdating scandal on shareholders
www.sciencedirect.com [PDF]
… has a director who is a board member of another firm that previously backdated its stock … The increase in the likelihood that a firm begins to backdate stock options that can be explained by having a board member who is interlocked to a previously identified backdating firm is …

Discussion of “The impact of the options backdating scandal on shareholders” and “Taxes and the backdating of stock option exercise dates”Discussion of “The impact of the options backdating scandal on shareholders” and “Taxes and the backdating of stock option exercise dates”
www.sciencedirect.com [PDF]
… has a director who is a board member of another firm that previously backdated its stock … The increase in the likelihood that a firm begins to backdate stock options that can be explained by having a board member who is interlocked to a previously identified backdating firm is …

Reputation penalties for poor monitoring of executive pay: Evidence from option backdatingReputation penalties for poor monitoring of executive pay: Evidence from option backdating
www.sciencedirect.com [PDF]
… has a director who is a board member of another firm that previously backdated its stock … The increase in the likelihood that a firm begins to backdate stock options that can be explained by having a board member who is interlocked to a previously identified backdating firm is …

Executive turnover following option backdating allegationsExecutive turnover following option backdating allegations
meridian.allenpress.com [PDF]
… has a director who is a board member of another firm that previously backdated its stock … The increase in the likelihood that a firm begins to backdate stock options that can be explained by having a board member who is interlocked to a previously identified backdating firm is …

Taxes and the backdating of stock option exercise datesTaxes and the backdating of stock option exercise dates
www.sciencedirect.com [PDF]
… has a director who is a board member of another firm that previously backdated its stock … The increase in the likelihood that a firm begins to backdate stock options that can be explained by having a board member who is interlocked to a previously identified backdating firm is …

Option grant backdating investigations and capital market disciplineOption grant backdating investigations and capital market discipline
www.sciencedirect.com [PDF]
… has a director who is a board member of another firm that previously backdated its stock … The increase in the likelihood that a firm begins to backdate stock options that can be explained by having a board member who is interlocked to a previously identified backdating firm is …


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